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Oracle Action

Activity breeds activity is the catch phrase thrown around but rarely is the simplicity of its effect on buyer mentality appreciated. Oracle – Broadbeach on the GC is a case in point, despite its tumultuous birth we now see the development absolutely humming. The reason? Full retail tenancy.On inspection over the weekend we found a real sense of energy (despite the state election) with cafe’s, restaurants and the popular Bavarian full. Sales team feedback indicates a strong, and importantly, building enquiry rate. Mark Korda (KordaMentha) points out that while the values on the Oracle apartments had been cut by up to 30 per cent, buyers were emerging and the price of two-bed units could beraised. “It shows that Australia really isn’t that bad, and once there is stabilisation demand returns,” More…